Bullabulling’s Growing Resource Faces Challenges Before Feasibility Milestones

Strong Drilling Results Reinforce Bullabulling Potential

Minerals 260 Limited (ASX:MI6) has delivered a fresh wave of encouraging drilling results from its 100% owned Bullabulling Gold Project, located just 25 kilometres west of Coolgardie in Western Australia. The latest assays from 22 drill holes totalling over 5,400 metres reveal consistent high-grade gold mineralisation, particularly at the Bacchus and Phoenix deposits, underpinning confidence in the project's resource base.

The Bacchus deposit, with an existing resource estimate of 46 million tonnes at 1.1 grams per tonne gold for 1.6 million ounces, continues to impress with intercepts such as 7 metres at 7.2 grams per tonne and 28 metres at 1.7 grams per tonne gold. Similarly, the Phoenix deposit, holding 57 million tonnes at 1.0 grams per tonne for 1.8 million ounces, returned notable intercepts including 7 metres at 4.7 grams per tonne and 1 metre at 27.3 grams per tonne gold.

Resource Growth and Reserve Milestones Ahead

These drilling results not only confirm the continuity of mineralisation within the current Mineral Resource Estimate (MRE) but also highlight multiple mineralised lenses beyond the existing resource boundaries. This supports the strong potential for resource expansion both at depth and along strike. The company is advancing towards a maiden Ore Reserve declaration and an updated MRE, both on track for release by mid-2026.

Minerals 260 is concurrently progressing a Pre-Feasibility Study (PFS) based on the December 2025 MRE, aiming for completion in mid-calendar year 2026. This will feed into a Definitive Feasibility Study (DFS) scheduled for early 2027, marking critical steps towards potential development and production.

Expanding Footprint and Operational Readiness

In addition to drilling success, Minerals 260 has expanded its landholding near Bullabulling with the acquisition of approximately 150 square kilometres of highly prospective tenure, bringing the total controlled area to around 750 square kilometres. This strategic move enhances the project's exploration upside and operational flexibility.

On site, seven rigs, including reverse circulation, diamond, and aircore drills, are actively engaged in infill and extensional drilling, targeting both resource growth and upgrading classifications, especially in shallow zones earmarked for early mining. The company is also investigating historical waste rock dumps, which have shown promising gold intercepts, potentially offering supplementary mill feed to de-risk initial operations.

Management Perspective and Next Steps

Managing Director Luke McFadyen expressed confidence in the ongoing drilling program, noting that the results reinforce the growth potential of the resource. He highlighted improved geological understanding and targeting efficiency as key factors expected to sustain strong exploration outcomes.

Looking ahead, Minerals 260 plans to continue drilling focused on depth extensions, infill below historical pits, and regional target testing. These efforts, combined with forthcoming feasibility studies, will be pivotal in shaping the project's development trajectory.